PRMIA 8010 Question Answer
When fitting a distribution in excess of a threshold as part of the body-tail distribution method described by the equation below, how is the parameter 'p' calculated.
Here, F(x) is the severity distribution. F(Tail) and F(Body) are the parametric distributions selected for the tail and the body, and T is the threshold in excess of which the tail is considered to begin.
PRMIA 8010 Summary
- Vendor: PRMIA
- Product: 8010
- Update on: Jul 29, 2025
- Questions: 240